Smart Sand, Inc. Reports Robust Performance in Q3 2025 Financial Results
Smart Sand, Inc. Reports Robust Performance in Q3 2025 Financial Results
Smart Sand, Inc. (NASDAQ: SND), a leading provider of premium Northern White frac sand and industrial sand, has unveiled its financial results for the third quarter of 2025. This report highlights the company’s strong performance amid market volatility primarily driven by oil and natural gas price fluctuations.
Financial Highlights
In Q3 2025, Smart Sand delivered an impressive revenue of $92.8 million, a significant increase from $85.8 million in the previous quarter and $63.2 million in Q3 2024. This remarkable revenue growth can be attributed to heightened sales volumes and increased average selling prices.
The company’s net income for the quarter stood at $3.0 million, translating to $0.08 per share. This is a noteworthy improvement compared to a net loss of $(0.1) million in Q3 2024. Smart Sand’s Adjusted EBITDA also rose significantly to $13.6 million, up from $7.8 million in the previous quarter, showcasing solid operational performance.
Operational Insights
Smart Sand experienced a total of 1,472,000 tons sold in Q3 2025, reflecting a 3% sequential increase and a 24% year-over-year rise. Notably, record sales were achieved in Canada, and expansions into new regions saw a diversification of the customer base in Industrial Product Solutions, specifically within the Utica shale through Ohio terminals.
CEO Charles Young remarked, “Despite ongoing short-term market challenges, we are witnessing consistent activity in our primary markets. We believe the fundamentals for natural gas remain strong, and Smart Sand is strategically positioned to meet the growing demand.” He highlighted that the company’s expansive logistics network allows effective and cost-efficient delivery of sand across North America, bolstered by one of the largest reserves of fine mesh Northern White sand in the region.
Looking Ahead
As Smart Sand approaches the end of Q4, the company anticipates strong demand but acknowledges the potential for seasonal slowdowns toward year-end. Young further projected full-year sales volumes to range between 5.1 to 5.4 million tons with expectations to remain free cash flow positive.
The company has also focused on enhancing shareholder returns, having paid a $0.10 per share dividend and repurchasing 1 million shares under its buyback program in 2025, amounting to $6.4 million returned to shareholders through repurchases and special dividends.
Cost Structure and Profitability
Smart Sand's cost of goods sold increased to $77.8 million, primarily driven by the surge in sales volumes and freight costs associated with delivery logistics. However, the gross profit for Q3 was recorded at $14.9 million, showcasing improved efficiency despite rising costs.
Moreover, operating expenses amounted to $9.6 million, a strategic decrease from the previous year, reflecting management's focus on operational efficiency. The net cash provided by operating activities for Q3 2025 reached $18.2 million, effectively addressing the debilitating impacts of previous periods.
Conclusion
Smart Sand, Inc. continues to show resilience and adaptability in the face of market volatility. Their robust financial performance in Q3 2025 highlights a proactive approach to growth, emphasizing the production and delivery of high-quality frac sand essential for the evolving oil and gas markets in North America. Investors can access further financial details and insights through the company’s investor relations portal, heralding promising prospects as Smart Sand heads into 2026.
Topics Consumer Products & Retail）
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